Justification (Sole Source)Posted Jan 8, 2026

Sources Sought: Succeeding Lease at 86 Chambers Street, New York, NY

General Services Administration · PBS R2 OFFICE OF LEASING

Stage
Justification for other than full competition
NAICS
53112
Value
Not stated
Solicitation
5NY0763
Set-aside
None stated
PSC
X1AA
Place
New York, NY, USA
Contact
Alfonso Yau (alfonso.yau@gsa.gov)
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CSV Email

Capture briefs (a one-page, shareable copy of this page) are part of Pro. The CSV here holds the notice, its timeline and past awards.

Where this opportunity stands

Every notice posted under solicitation 5NY0763 in this department, oldest first.

Early notice
  • Apr 9, 2025
    Pre-solicitation
    Open
Solicitation
None posted
Award
  • Jan 8, 2026
    Award Notice
    TRPF 86 CHAMBERS STREET LLC · $48.0M
    Open
Other notices
  • Jan 8, 2026 · this notice
    Justification (Sole Source)

Next steps for this stage

Standard steps for the notice type; not advice about this buyer.

  • The agency intends to buy without full competition. Read the justification for the reason and the named source.

Who won similar work

5 award notices on SAM.gov in the last 24 months. Matched by: Same office (PBS R2 OFFICE OF LEASING), same product/service code (PSC) X1AA.

Single-winner award sizes (5): middle half $2.3M to $5.1M, median $3.4M; range $1.4M to $5.6M.

WinnerAwardsValueLast
BEAR MOUNTAINSIDE REALTY LIMITED1$5.6MJan 7, 2026
EGP 130 Buffalo LLC · $DEA · $357.2M1$5.1MJul 31, 2025
TERRELL MILL LLC1$3.4MJun 22, 2026
257 TURNPIKE ROAD LLC1$2.3MJul 27, 2026
CENTRE MARKET BUILDING LLC1$1.4MOct 24, 2024

Value counts new single-winner awards. "Shared" awards are multiple-award contracts that list every winner with the same total ceiling (same contract, or the same office, day and amount); that ceiling is not one company's win, so it is not added in. Contract modifications are not new awards and are not added in either. Revenue next to a ticker is the company's revenue over the latest 12 months in its SEC filings.

Investor context
  • $DEA reported $357.2M revenue (12 months to Jun 30, 2026). The median single-winner award in these 5 past awards, $3.4M, is 0.9% of that. SEC filing

One award's total value against one year of revenue; many awards are paid over several years.

Latest awards

Materiality: one award's value as a share of the winner's revenue over the latest 12 months in its SEC filings (or its last fiscal year, as noted when you point at it). Low under 1%, Medium 1 to 5%, High 5% or more. Many awards are paid over several years, so this overstates a single year's share.

Competitive landscape

For the 5 most frequent past winners above. Lobbying is matched by the company's exact name or exact ticker; agencies are as named on the filings.

  • 0 of these past winners lobbied General Services Administration (GSA) since 2024 (0 filings)
  • 0 of their lobbyists list a past General Services Administration (GSA) job
  • No corporate PAC money from them to the overseeing committees since 2024
  • 0 foreign-agent (FARA) registrations
See who and the source records with Pro

Policy around it

Bills the past winners named while lobbying this agency's issues, rules from the department, and executive orders that name the agency, last 12 months.

  • 0 bills named on the past winners' lobbying filings
  • 25 rules from the department in the last 12 months
  • 0 executive orders naming the agency in the last 12 months
See who and the source records with Pro

Market

For past winners matched exactly to a listed company. Insider trades are open-market buys and sells (Form 4) in the last 90 days, shown as facts; our own study found insiders do not reliably buy ahead of awards. A sale marked 10b5-1 was made under a trading plan set up in advance.

  • 1 of the past winners are listed companies
  • 0 insider buys and 0 insider sells at them in the last 90 days
See who and the source records with Pro

Sources: SAM.gov notices and award notices; Senate LDA lobbying filings; FEC filings; FARA; Federal Register; congress.gov; SEC Form 4. Every row above links to its record.

Companies are matched to tickers by exact name, including the subsidiaries a company lists in its SEC filings. A company we could not match shows no market rows; that is a miss, not a finding.